Are you a young, first-time Startup CEO? There is a whole bunch of advice you will hear from all sides, some of them are really helpful to develop yourself as a CEO. However, your creative get-up-and-go energy and strong hope and trust can push you to bring your innovative concept or big idea to the marketplace that agitates and actuates you. But it can also make you face more difficulties. You have to overcome those difficulties and challenges to shine as a young, first-time startup CEO.
Focus is groovy, but it must be used strategically. Use your focus and passion on your business to build a powerful supporting network and develop habits that give you sustainability and profitability to your enterprise. Here are some of the best advice for a young, first-time startup CEO, if you are planning to come under this category, just go through it.
Market before product
Before investing your time, money and effort into working on business ideas, find out how capable you are in marketing and promoting the products. Gaining knowledge and experience in marketing and promoting strategies will help to develop your business at a good and steady pace. You can gain experience in the same field in which you are planning to step in as an entrepreneur. Or just find a small group of people who face some problems and give a solution for them in such a way that will make their lives better than before.
Surround yourself with the right people.
This is one of the most important things to follow because keeping the right people around you is always good and helps you develop the skills necessary to build your business.
There are a lot of people who are more effective at achieving their targets. So it is better to surround yourself with mentors and with good friends who can give you the right advice at the right time. Also, keep good investors around you to provide you with great advice that helps you achieve your objectives.
Recognise your weaknesses
Recognising your weakness is the main strength, and it will help you to overcome your struggles and keep you going in whatever you are into. Another important aspect is to admire the CEO who’s running a medium-sized company and develop the skills that they have achieved, and also follow them regularly. When you recognise your weakness, you can truly grow your business at a steady level. To overcome your weaknesses, surround yourself with people who can complement your weaknesses with their strengths and help you understand your situation.
Focus on Revenue Generation
Focus on revenue generation, revenue is the profit, but you get profit from customers, so focus on customers. Every single business is successful when it converts the public into its customers. And it happens only if you focus on your target people and design your product in such a way that it should please and attract the public and convert them into customers and further as your loyal customers. If you are successful in doing this, then automatically your business will travel on a successful path, and the profit will increase.
Open Up Your Wings Outside Your Company
Another critical piece of advice for young CEOs is to continue to learn from outside your company. We get so parochial with the busy business things that we have to focus on, to survive, particularly in the beginning stage of our business, that we forget to learn about things other than our business. That’s very wrong, apart from your business you should also be keen on learning more things, you can achieve this by keeping good friendship with intelligent people, by reading good books that help you grow both in business and personal, by attending many seminars and conferences to educate yourself and to be aware of all needed things that happen outside your business. This gives you training for the next level.
Enjoy the Journey
Really, this is more important than anything. Enjoy the journey. There are many young, startup CEOs who get so stressed and give up the journey because of the immense pressure that they face in the early stages of business. So, forget those pressures and struggles, enjoy the work and think about the beautiful, creative, incredible path that you’re going to see after crossing that difficult path. So support yourself with confidence and welcome every single day with a fresh mind. When you wake up in the morning, say to yourself, “I am the best and I am working on something that 99% of the people think it is ‘BIG’ and be brave and be proud of what you’ve achieved till now.
